Economic Impact Analysis

Property value at risk from the proposed quarry — Census ACS data, peer-reviewed decline estimates, and comparison with alternative limestone sites.

Economic Impact Analysis

An estimated in residential property value is at risk across owner-occupied homes in the quarry's impact zone. Data from US Census ACS 2022. Decline estimates based on peer-reviewed hedonic pricing studies of quarry proximity effects.

Total Property Value at Risk
Conservative estimate across 0–5 mile impact zone
$
Allen County Median Home Value
Census ACS 5-year
Owner-Occupied Homes Affected
Within 5-mile impact zone

Value at Risk by Distance

Decline rates sourced from peer-reviewed hedonic pricing studies of residential properties near quarry and mining operations. Conservative mid-range values used.

Distance Ring Population Owner-Occupied Homes Est. Decline Rate Value at Risk
Total —

Methodology

Decline rate ranges in the literature: 5–20% within 1 mile, 3–10% within 3 miles, 1–5% within 5 miles. This analysis uses the conservative mid-range of published peer-reviewed studies.

Sources

  • Hedonic pricing meta-analysis: Boyd & Genova (2003); Boxall, Chan & McMillan (2005); Gibbon & Holsen (2019)

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